I D
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEEQUIPMENT & SERVICESFOCUSNEW PRODUCTS + Show More

Comment Business & Economics

Evonik acquires the Pharmaceuticals business of SurModics  

By Gerald Ondrey |

Evonik Industries AG (Essen, Germany; www.evonik.com) has reached an agreement to acquire the Pharmaceuticals business of SurModics, Inc. (Eden Prairie, Minn.). Signing took place on November 1, 2011 and the transaction is expected to close shortly. Following the acquisition of the Resomer business from Boehringer Ingelheim in March 2011, Evonik is now strengthening the formulation services business for pharmaceutical applications. The new acquisition enables Evonik to further develop its health care business. “Evonik is a strategic partner and one of the world’s leading solution providers to the pharmaceutical industry. By acquiring the polymer and formulation services businesses of SurModics we continue to expand our position in this important market”, says Klaus Engel, chairman of Evonik executive board. SurModics Pharmaceuticals, Inc., an affiliate of SurModics, Inc., is a leader in injectable  drug-delivery systems. The new business includes two world-class facilities for the development and manufacturing of polymers and drug delivery systems. The company is located in Birmingham, Ala. and employs, approximately 80 pharmaceutical experts. In 2010, the total revenues amounted to more than $15 million. “With…
Related Content
The 2020 Chopey Scholarship winner
Chemical Engineering has been a long-time leading source for practical technology information and news for the chemical process industries (CPI).…
CPI Business News – August 2020
Nouryon to build TBHP/TBA plant in Ningbo July 8, 2020 — Nouryon (Amsterdam, the Netherlands; www.nouryon.com) will start development of…

Andritz

Minimizing particle breakage and mother liquor residue in technical salts production

Technical salts and crystallization products have found a broad spectrum of different applications in the industrial sector in the past decades. One of the most frequently used salts is sodium chloride...

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
The Big 6 level measurement technologies: Where to use them and why
Minimizing particle breakage and mother liquor residue in technical salts production
Expectations are shifting: How measurement solutions can help overcome chemical industry challenges
CoriolisMaster: The SmartSensor solution
ABB in Chemical Industry

View More